This week Governor Rick Snyder signed an Executive Order creating a new division within the Department of Insurance and Financial Services (DIFS), which will investigate acts of fraud in the insurance and financial sectors. The department will work in tandem with other law enforcement agencies to share information on fraudulent activity and collaborate to prevent the occurrence of future instances of fraud within the auto insurance, health insurance, and banking sectors.
Executive Order 2018-9 permits the new Anti-Fraud Unit to:
In addition to the already existing anti-fraud efforts at DIFS, the Executive Order allows DIFS to conduct more thorough and comprehensive background checks and to coordinate and collaborate with other law enforcement agencies to investigate and prosecute fraudulent and criminal activities in the insurance and financial services sectors.
In March, DIFS launched their new webpage, www.mi.gov/InsuranceFraud, that enables consumers and the insurance industry to report fraud. Since that time, DIFS has received 167 complaints of fraud from consumers and 68 complaints from the industry. The National Association of Insurance Commissioners’ received 3,453 suspected insurance fraud claims from Michigan last year.
Michigan Legislative Consultants is a bipartisan lobbying firm based in Lansing, Michigan. Our team of lobbyists and procurement specialists provide a wide range of services for some of the most respected companies in America. For more on MLC, visit www.mlcmi.com or connect with us on LinkedIn and Twitter.